Market Trading Guide: Ather Energy among 4 stocks to buy on Wednesday

In a choppy trading session on monthly expiry day, Nifty ended Tuesday with a loss of 80 points and a long bear candle formed on the daily chart with a minor lower shadow. However, analysts say the broader technical structure remains constructive, and the buy-on-dips strategy remains intact as long as the index sustains above its short-term 21-DMA, placed at 23,690.
Here are 4 stock recommendations from analysts for Wednesday:

Stoploss Rs 172
Target Rs 196 (Timeframe 2-3 weeks)
The minor dip of the last 2-3 sessions seems to have reversed up. We observe a formation of crucial higher bottom reversal pattern at 173 levels. The stock price is in an attempt of moving above the hurdle of Rs 182-183 levels. Volume has started to expand during upside breakout in the stock price and daily. RSI shows positive indication.
(Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities)

Stoploss Rs 267
Target Rs 302 (Timeframe 2-3 weeks)
The couple of weeks downward correction seems to have ended with a breakout on Tuesday. We observe a bullish pattern like higher tops and bottoms over the period of time. The stock price has surpassed the crucial hurdle of 200day EMA at Rs 270. Breakout of range bound action was also been observed on the daily chart. Volumes and RSI patterns are indicating positive bias for the stock price ahead.
(Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities)

Stoploss: Rs 1,030
Target: Rs 1,220-1,300
Ather Energy has delivered a decisive breakout above the crucial ₹1,080–1,100 resistance zone, backed by strong volumes, indicating renewed buying interest and continuation of the prevailing uptrend. The stock is trading well above its 20, 50, 100 and 200-day EMAs, reinforcing the positive technical structure, while RSI has climbed above 71, reflecting strong bullish momentum despite entering the overbought zone. The breakout suggests the stock could witness further upside after a brief consolidation.
Traders can consider a Buy on CMP of ₹1,141 and Add on Dips near ₹1,090–1,100, with a stop loss at ₹1,030. On the upside, the stock has the potential to move towards ₹1,220 and ₹1,300 over the coming weeks, while the broader trend remains firmly bullish.
(Virat Jagad, Sr. Technical Research Analyst, at Bonanza Portfolio)

Stop loss: Rs 17,200Target: Rs 19,500-20,500
Solar Industries continues to maintain a strong bullish structure, trading comfortably above its 20, 50, 100 and 200-day EMAs, reflecting sustained long-term strength. After witnessing a healthy consolidation near the ₹17,200–17,500 zone, the stock has rebounded sharply and is now attempting to resume its primary uptrend. RSI has recovered to around 61, indicating improving momentum without entering overbought territory, while the recent rise is supported by steady buying interest.
Traders can consider a Buy on CMP of ₹18,696 and Add on Dips near ₹18,000–18,200, with a stop loss at ₹17,200. On the upside, the stock is likely to test ₹19,500 initially, followed by ₹20,500 over the coming weeks, as long as it sustains above the breakout zone
(Virat Jagad, Sr. Technical Research Analyst, at Bonanza Portfolio)
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)